Welcome to the Virginia ACAMS Chapter website! The Chapter seeks to provide education and networking opportunities towards advancing the knowledge and skills of those involved in the identification, detection and prevention of money laundering. Through hosting events featuring speakers from various industry segments and the Government, we plan to be a resource for financial institutions and related businesses, law enforcement, and the academic community. Additionally, the Virginia Chapter will continually seek out opportunities to distinguish CAMS members as the preferred subject matter experts in the field of anti-money laundering compliance.

Congratulations to our Board Member Elaine Yancey on being featured in the ACAMS Today article “Women in AML”.

Elaine Yancey, a Managing Examiner at the Federal Reserve Bank of Richmond is featured in an article in the March-May issue of ACAMS today. The article is a showcase to influential women in the AML field including those with years of experience and newcomers who are also leaving their stamp on the industry. When ACAMS Today asked veterans in the field what their proudest AML career moment was, Elaine’s response highlighted another valuable organization in the Richmond area with which she has shared her knowledge and expertise:

“The date was March 19, 2013, and the location was sunny Hollywood, Florida, the venue for the 18th Annual ACAMS International AML and Financial Crimes Conference. This was the day that ACAMS Executive Vice President John J. Byrne publicly recognized the efforts of the BSA Coalition by giving it the ACAMS Private-Public Sector Service Award. As a regulatory advisor to this unique organization, a group of AML professionals who discuss and resolve BSA/AML issues, I have learned so much. I am honored to be among women recognized in the AML field.”

As the BSA Coalition’s Regulatory Advisor Elaine has worked in partnership with financial institutions, regulators, and law enforcement to provide the necessary tools to bankers to establish effective BSA/AML Programs. Elaine’s contributions to both ACAMS and the Coalition have been significant and we are pleased to have her as a member of our Board.

ACAMS Virginia Double Session Event! “Connecting the Dots: Best practices for identifying, assessing and monitoring BSA/AML risk” and “Beneficial Ownership: Where should I be now?”

Panama Papers-One Year Later

Join us for a discussion focused on identification and management of off-shore accounts. Our panelists will discuss the how and why of these types of accounts. Hear from industry leaders as we connect the dots between off shore accounts and Anti-Money Laundering & Foreign Corrupt Practices Act. Learn best practices for integrating these lessons learned into your BSA/AML Programs.

Taming the Dragon

April 18, 2017

Hear from experts in law enforcement and financial services about the dangers of opioid abuse, the challenges we face, and how we can work together in partnership to address the issues. Discussion will include red flags, typologies, key words, strategies, takeaways, and Q&A.

This is a joint event of the US Capital Chapter and Richmond Chapter of ACAMS, with many thanks to the Fairfax County Police and Thomson Reuters.

Join us for a discussion focused on best practices to prepare your organization for beneficial ownership requirements. Hear from industry leaders offering a bank, audit, and software perspective. Obtain the tools to begin coordinating compliance efforts, engaging all levels of an organization.

2016 Year in Review

January 19, 2017

Join us for a look back at the most significant enforcement actions in 2016, what went wrong and takeaways to enhance your compliance program. This annual review is intended to fulfill training requirements for Senior Executives and Management.

Speakers

Gauhar R. Naseem, Principal Counsel, FINRA-Department of Enforcement

Terry Hubbard, National Bank Examiner, Office of the Comptroller of the Currency

Laura Colombell Marshall, Partner, Hunton & Williams LLP

Internet Gambling: New Technologies & New Risks

October 6, 2016

Join the ACAMS Richmond Chapter for a discussion about Virginia’s “Fantasy Contests Act” and other developments in online gambling. Learn more about the new law, requirements to do business in the Commonwealth, current enforcement initiatives and associated money laundering risks.

We are pleased to host our annual law enforcement event at no cost to our law enforcement partners.

When Goods Go Bad: Trade Based Money Laundering

May 5, 2016

Join the Richmond Chapter for an event focusing on trade based money laundering. Learn how it works, what to look for, and what you need to know to design a program to protect your bank. The event is intended to be appropriate for BSA/AML professionals, Consultants, and Regulators.

What Banks Need to Know About U.S. Trade Sanctions and Export Controls

In the ACAMS Richmond annual joint event with law enforcement HSI Agents will discuss the Cornerstone Program, a partnership between law enforcement and the financial industry designed to combat money laundering, as well as current trends and red flags based on recent criminal prosecutions. The agents will cover the key trade sanctions and export controls regulations, International Traffic in Arms Regulations (the ITAR), the Export Administration Regulations (the EAR), and the Office of Foreign Assets Control (OFAC) regulations. Discussions will focus on how these regulations impact financial institutions of all sizes. Don’t miss this opportunity to network with law enforcement officers focused on anti-money laundering initiatives.

Partnerships with Law Enforcement – What We Can Learn From and Share with Each Other

March 14, 2013

Amy Wotapka, CAMS
Capital One Financial
Executive Chair

Amy is Policy Risk Manager for Capital One Financial Corporation. In her role, Amy serves a second line role in the development and monitoring of policies and supporting documents. Amy also serves as the policy project manager for business integrations. Amy previously led a team at Capital One with responsibility for Suspicious Activity Report Quality Assurance, as well as National Lending and Financial Services Account Closing, List Screening Quality Assurance support and the Monthly AML Training Program. Prior to joining Capital One, Amy worked for PNC Bank, where she managed an AML Surveillance team and provided general compliance and OFAC support to PNC’s TM business. Amy earned a Bachelors degree in Business Administration with minors in Economics and English. She holds several industry certifications, including Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), Certified Regulatory Compliance Manager (CRCM), Certified Information Privacy Professional (CIPP), Fair Credit Reporting Act (FCRA) and American Society for Quality’s Certified Quality Improvement Associate designation.

Prior to joining Old Dominion, Amanda served as senior vice president and operational risk manager for Union Bankshares. Amanda joined Union through their acquisition of StellarOne, where she served as the director of anti-money laundering (AML) and fraud. There, Amanda was responsible for enterprise compliance with AML regulations and oversight of fraud risk mitigation efforts. Prior to joining StellarOne, Amanda served as the vice president of compliance for Community Bank. Amanda began her banking career as a senior bank examiner with the Massachusetts Division of Banks where she participated in the safety and soundness examinations of state chartered banks with a focus on Bank Secrecy Act (BSA) and information technology federal guidelines and standards examinations.

Ms. Allen is the BSA Officer for Peoples Bank North Carolina. The Bank has been in business since 1912, growing from a single office to 16 banking centers and five Loan Production Offices throughout North Carolina. Prior to joining Peoples Bank in 2016, Ms. Allen was VP, for Enterprise Risk Management and Compliance for Xenith Bank in Richmond Virginia in which she designed a scalable BSA/AML Program to meet the needs of an institution that completed five mergers during her tenure and grew from 120MM in assets to greater than 3 billion. Ms. Allen has over 18 years of experience in AML/BSA, Risk Management, and Compliance. She is the co-chair of the Virginia ACAM Board, and is a Certified Regulatory Compliance Manager (CRCM) and a Certified AML and Fraud Professional (CAFP).

Joe is the administrator of the BSA AML programs for Union Bankshares Corporation, all three banks and its subsidiaries, located in Bowling Green, Virginia. Mr. Soniat has worked in the Internal Audit Section of the Virginia State Police as an Office Services Specialist; as a Finance Officer for the United States Government; and also as a fraud examiner for Circuit City Stores. He is a BSA Coalition Advisory Board Member, which consists of bankers and regulatory representatives from various federal and state banking agencies from the fifth district of the Federal Reserve.

Elaine started her career at the Federal Reserve Bank of Richmond as a consumer affairs examiner dealing with consumer protection laws and regulations. Elaine is currently a supervisory examiner in the safety and soundness division of Banking Supervision and Regulation of the Federal Reserve, with responsibility for the Legal and Fiduciary Risk unit. She works with Bank Secrecy Act/Anti-Money Laundering (BSA/AML) legislation, bank fraud, and fiduciary/trust issues. She is the advisor to the BSA Coalition, a group of financial institution and banking agency regulatory representatives who discuss, debate, and try to resolve BSA/AML issues. Elaine is a graduate of Furman University (Bachelor of Arts) and the Graduate School of Banking at Louisiana State University. In 2005, she obtained her MBA from Virginia Commonwealth University.

Beverly’s most recent professional experience was as a Senior Vice President and a Senior Manager of the AML Team for Wells Fargo Advisors, managing all AML Projects and Reports. Prior to that she managed the Investigative and High Risk AML Teams. She was also Associate Manager of the AML Team and a senior consultant on the Special Surveillance and Review Team. She is an experienced law enforcement professional who retired from the Internal Revenue Service where she held various positions, including Special Agent, investigating violations of the US Tax Code, Bank Secrecy Act and Money Laundering Statutes. She also held the positions of Asset Forfeiture Coordinator and Public Information Officer for the Virginia District of Internal Revenue Service-Criminal Division. Beverly holds a Bachelor’s Degree from Old Dominion University.

D. Scott Bailey, a Corporal Detective and National White Collar Crime Center training instructor, has been a member of the Chesterfield County Police Department for the past 24 years. In that capacity, he has been assigned to three Bureaus and seven divisions. Currently, Detective Bailey is assigned to the Special Investigations division as the Asset Forfeiture Cordinator. He has extensive background in white collar/financial crimes and was the designated financial investigator for the Multijurisdictional Special Operations Group. Detective Bailey has been actively involved in the investigation of intellectual property crimes for the past twelve years, and has been instrumental in the successful prosecutions of numerous persons at the state and federal level.

Detective Bailey assisted in the initial development of the NW3C Intellectual Property Training and Technical Assistance Project as a subject matter expert, and has continued with the project over the past six years as a training instructor. During this period Detective Bailey has instructed in more than 85 IP theft trainings and seminars for law enforcement, teaching the attendees investigative techniques and best practices that he has learned first-hand from his own successful IP theft and money laundering investigations.

Detective Bailey has also assisted a number of IP theft units and taskforces to help them overcome specific case-related problems they were having that were hindering their enforcement effectiveness.

Donna is the Director of Consumer and Mortgage Compliance Audit for SunTrust Bank in Richmond. Previously, she was the Compliance Director for Stellar One Bank. She earned her Bachelor of Arts from the University of Virginia and her Masters of Accountancy from Virginia Commonwealth University. With early experience in banking as a customer service representative and accounting clerk at a savings and loan, Donna became a CPA and worked for Signet Bank in the mid 1990’s. After a stint in manufacturing, Donna returned to banking in 2002, and joined Capital One’s Internal Audit department. She specialized in regulatory compliance audits and project management reviews. While at Capital One, Donna performed a number of BSA/AML audits, including audits of Capital One’s AML/BSA programs in the US and Canada. In June, 2010, Donna left Capital One to become Director of Compliance at Stellar One Bank and left recently to join the SunTrust Audit Department. Donna received her CRCM in 2010.

Elizabeth is an Investigator for the Virginia Office of the Attorney General. Elizabeth coordinates investigations with federal, state and local authorities on civil investigation cases to be prosecuted regarding allegations of fraud by health care providers and pharmaceutical manufacturers who are paid through the state and federally funded programs of Medicaid. Prior to the Office of the Attorney General Elizabeth worked for Capital One for over 10 years. During her time at Capital One Elizabeth held several investigative positions including; fraud, money laundering, terrorist finance, FinCEN 314(a), OFAC sanctions, Politically Exposed Persons and Special Interest Persons. Elizabeth earned a Bachelors degree in Criminal Justice; she is a Certified Anti-Money Laundering Specialist (CAMS) and a Certified Fraud Examiner (CFE). Elizabeth is on the board of the Association of Certified Fraud Examiners Richmond Chapter as the Training and Events Coordinator.

Diane is currently Vice President of a registered investment advisory firm where, among other duties, she handles the regulatory compliance and operations of the firm. Previously, Diane spent almost three years at FINRA in the Market Regulation Department investigating fraudulent broker/dealers, securities firms and issuers of stock that traded on the NASDAQ market. During her time at FINRA, she handled several cases involving money laundering activities such as”pump and dump schemes” and use of illegal shell companies. She sent evidence to various government agencies such as the SEC, the IRS, the Department of Justice and the FBI in an effort to stop the fraudulent conduct. Diane holds a Bachelor’s degree from Brandeis University; a law degree from the University of Arizona College of Law and a Masters of Law (LL.M) in taxation from the University of San Diego School of Law. She is a Certified Financial Planner ™ professional and a Certified Anti-Money Laundering Specialist (CAMS).

Thomas is a vice president and Anti-Money Laundering Compliance Manager for Wells Fargo Advisors in Richmond, Virginia. He manages money laundering, terrorist finance and OFAC investigations, and supervises the filing of suspicious activity reports. Tom has previously held roles as AML compliance consultant, compliance examiner, and sr. compliance analyst.

He holds multiple securities licenses, a doctorate degree in business and has 17 years securities industry experience. Tom is a certified fraud examiner, and securities industry arbitrator for NASD Regulation, Inc Board of Arbitrators (now FINRA).

He has worked for some of the largest firms in the financial industry including MetLife, Dean Witter Reynolds, and First Union/Wachovia Securities/Wells Fargo Advisors.